ZIM Integrated Shipping Services (NYSE:ZIM) Given “Hold” Rating at Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) in a report released on Monday morning, Benzinga reports. They currently have a $20.00 price objective on the stock.

Several other research analysts have also recently commented on the company. JPMorgan Chase & Co. raised ZIM Integrated Shipping Services from a neutral rating to an overweight rating and boosted their target price for the stock from $17.60 to $30.40 in a research note on Friday, February 17th. Barclays downgraded ZIM Integrated Shipping Services from an equal weight rating to an underweight rating and decreased their price target for the stock from $26.50 to $15.00 in a report on Monday, February 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services has an average rating of Hold and an average target price of $27.08.

ZIM Integrated Shipping Services Trading Up 6.6 %

Shares of NYSE ZIM opened at $20.86 on Monday. ZIM Integrated Shipping Services has a twelve month low of $16.23 and a twelve month high of $91.23. The stock has a market capitalization of $2.50 billion, a PE ratio of 0.42 and a beta of 2.19. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $20.25 and a 200-day simple moving average of $23.05.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in ZIM Integrated Shipping Services in the 2nd quarter valued at about $28,000. Private Trust Co. NA acquired a new position in ZIM Integrated Shipping Services in the 2nd quarter valued at about $56,000. Exchange Traded Concepts LLC increased its position in ZIM Integrated Shipping Services by 92.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,406 shares of the company’s stock worth $33,000 after purchasing an additional 676 shares during the period. FNY Investment Advisers LLC acquired a new position in ZIM Integrated Shipping Services during the 3rd quarter worth approximately $35,000. Finally, Geneos Wealth Management Inc. acquired a new position in ZIM Integrated Shipping Services during the 1st quarter worth approximately $112,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

ZIM Integrated Shipping Services Company Profile

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ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.